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Essay / Research Paper Abstract
This 7 page report discusses the variations in oligopoly markets. The information in the report is focused primarily on the relationship between concentration and profitability. Conjectural variations in oligopoly markets, in theory, are most often determined through circumstances in which the market presents a realm of potential and unplanned for levels of both profitability and concentration. Bibliography lists 9 sources.
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7 pages (~225 words per page)
File: D0_BWolicom.rtf
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gives them enormous economic power (a development that permits escape from the discipline of the competitive market, because large corporations have substantial control over the prices charged for the goods
they produce), and, society has not been wholly successful in making certain that corporate performance serves the public interest as well as the interests of owners and managers. The
proliferation of similar problems as related to circumstances of oligopoly and the variations of their markets also presents a significant impact on society as a whole. These problems, present in
the domestic economy, have become more acute with the growing number and power of multinational corporations whose operations are worldwide in scope. According to Peterson (1994), they represent the latest
development in the continuing growth of corporate organization. Their power to create wealth on a worldwide scale means that multinationals are likely to remain a dominant force shaping the world
economy far into the future. The entire issue related to competitiveness in and among oligopolies is related to the abuse and potential abuse of a dominant competitive such as collusion
or the coordination or development of price discrimination. Of course, Western governments are convinced such situation should be countered by measures to increase market transparency. According to Albaek, Mollgard
and Overgaard (1997), the change in information structure resulting from the publication of firm-specific prices actually allows firms to reduce the intensity of oligopoly competition that then leads to the
opposite of the desired (by government) outcomes and results in increased prices. Types of Variations in Oligopoly Markets Conjectural variations in oligopoly markets, in theory, are most often determined through
circumstances in which the market presents a realm of potential and unplanned for levels of both profitability and concentration. According to Gregory and Smith (1995), one of the most
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